Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	BERKSHIRE HATHAWAY INC DEL	109,765	$12.46M	9.0%	$111.95	—	CL B NEW	84670702
—	AMERICAN INTL GROUP INC	175,966	$8.557M	6.2%	$44.78	—	COM NEW	26874784
CHRW	C H ROBINSON WORLDWIDE INC	101,882	$6.071M	4.4%	$43.11	+1.5%	COM NEW	12541W209
PM	PHILIP MORRIS INTL INC	66,658	$5.772M	4.1%	$49.78	-4.8%	COM	718172109
MSFT	MICROSOFT CORP	163,558	$5.443M	3.9%	$26.75	+0.9%	COM	594918104
TJX	TJX COS INC NEW	94,825	$5.347M	3.8%	$20.85	+8.1%	COM	872540109
CHKP	CHECK POINT SOFTWARE TECH LT	87,645	$4.957M	3.6%	$48.20	+16.6%	ORD	M22465104
IBM	INTERNATIONAL BUSINESS MACHS	25,462	$4.715M	3.4%	$118.65	-6.0%	COM	459200101
—	BANK OF AMERICA CORPORATION	321,560	$4.438M	3.2%	$12.87	—	COM	60505104
ORCL	ORACLE CORP	132,589	$4.398M	3.2%	$27.49	-1.5%	COM	68389X105
—	JPMORGAN CHASE & CO	233,355	$3.911M	2.8%	$16.76	—	*W EXP 10/28/201	46634E114
WFC	WELLS FARGO & CO NEW	94,444	$3.902M	2.8%	$27.36	+10.3%	COM	949746101
—	WALGREEN CO	71,087	$3.824M	2.7%	$44.44	—	COM	931422109
USB	US BANCORP DEL	100,910	$3.691M	2.7%	$22.41	+8.6%	COM NEW	902973304
BUD	ANHEUSER BUSCH INBEV SA/NV	36,994	$3.67M	2.6%	$90.26	—	SPONSORED ADR	03524A108
—	LORILLARD INC	81,623	$3.655M	2.6%	$43.71	—	COM	544147101
—	DIRECTV	59,255	$3.542M	2.5%	$61.52	—	COM	25490A309
—	AMERICAN INTL GROUP INC	185,144	$3.508M	2.5%	$18.95	—	*W EXP 01/19/202	26874156
WMT	WAL-MART STORES INC	46,116	$3.411M	2.5%	$19.97	-1.0%	COM	931142103
—	AVON PRODS INC	161,021	$3.317M	2.4%	$21.03	—	COM	54303102
—	TOTAL S A	57,165	$3.311M	2.4%	$48.84	—	SPONSORED ADR	89151E109
MO	ALTRIA GROUP INC	95,565	$3.283M	2.4%	$16.27	-0.6%	COM	02209S103
—	BANK NEW YORK MELLON CORP	105,250	$3.177M	2.3%	$28.09	—	COM	64058100
PEP	PEPSICO INC	37,660	$2.994M	2.2%	$56.01	+1.3%	COM	713448108
TELFY	TELEFONICA S A	159,861	$2.475M	1.8%	$12.88	—	SPONSORED ADR	879382208
GLD	SPDR GOLD TRUST	17,869	$2.29M	1.6%	$119.14	—	GOLD SHS	78463V107
CLX	CLOROX CO DEL	27,316	$2.232M	1.6%	$59.99	-1.1%	COM	189054109
—	COOPER TIRE & RUBR CO	65,981	$2.032M	1.5%	$30.80	—	COM	216831107
CL	COLGATE PALMOLIVE CO	31,056	$1.842M	1.3%	$44.39	+0.4%	COM	194162103
—	UNILEVER PLC	45,575	$1.758M	1.3%	$40.40	—	SPON ADR NEW	904767704
ACN	ACCENTURE PLC IRELAND	22,409	$1.65M	1.2%	$63.27	-5.9%	SHS CLASS A	G1151C101
DEO	DIAGEO P L C	12,018	$1.527M	1.1%	$115.45	—	SPON ADR NEW	25243Q205
CSCO	CISCO SYS INC	64,600	$1.514M	1.1%	$15.24	+11.1%	COM	17275R102
—	DELL INC	104,800	$1.441M	1.0%	$13.32	—	COM	24702R101
MCD	MCDONALDS CORP	13,848	$1.332M	1.0%	$71.80	-1.7%	COM	580135101
—	SPREADTRUM COMMUNICATIONS IN	37,800	$1.151M	0.8%	$30.45	—	ADR	849415203
—	BAXTER INTL INC	10,735	$705K	0.5%	$69.18	—	COM	71813109
—	BP PLC	16,327	$686K	0.5%	$41.75	—	SPONSORED ADR	55622104
—	LEVEL 3 COMMUNICATIONS INC	24,516	$654K	0.5%	$21.40	—	COM NEW	52729N308
—	BECTON DICKINSON & CO	4,968	$497K	0.4%	$98.83	—	COM	75887109
—	AMERICAN EXPRESS CO	6,514	$492K	0.4%	$74.76	—	COM	25816109
MA	MASTERCARD INC	660	$444K	0.3%	$51.54	+13.1%	CL A	57636Q104
XOM	EXXON MOBIL CORP	4,698	$404K	0.3%	$53.69	+0.9%	COM	30231G102
—	MEDTRONIC INC	6,346	$338K	0.2%	$51.53	—	COM	585055106
TEVA	TEVA PHARMACEUTICAL INDS LTD	8,700	$329K	0.2%	$39.20	—	ADR	881624209
JNJ	JOHNSON & JOHNSON	3,646	$316K	0.2%	$59.66	+6.5%	COM	478160104
MMM	3M CO	2,601	$311K	0.2%	$61.26	+7.7%	COM	88579Y101
—	ROYAL DUTCH SHELL PLC	4,357	$300K	0.2%	$66.33	—	SPON ADR B	780259107
—	TICC CAPITAL CORP	29,000	$282K	0.2%	$9.62	—	COM	87244T109
—	ING PRIME RATE TR	43,950	$266K	0.2%	$6.37	—	SH BEN INT	44977W106
—	FIDELITY NATIONAL FINANCIAL	9,000	$239K	0.2%	$23.78	—	CL A	31620R105
—	KELLOGG CO	4,000	$235K	0.2%	$38.95	-0.3%	COM	487836108